Syncro Group AB (publ) (”Syncro Group” or the ”Company”) today announces the outcome of the exercise of warrants of series TO3, which were issued in connection with the Company’s directed issue of units on Spotlight Stock Market in September 2021. In total, 9,753,038 warrants of series TO3 were exercised, corresponding to approximately 47 per cent of the total number of outstanding warrants of series TO3, for subscription of 9,753,038 B-shares at a subscription price of SEK 0.20 per B-share. Syncro Group will receive approximately SEK 1.95 million before issuing costs through the exercise of the warrants of series TO3. Syncro Group has also carried out a directed issue of shares of approximately SEK 1.45 million. In total the Company will receive approximately SEK 3.4 million.